[Market Pulse] ๐บ๐ธ Eric Trump-Backed Bitcoin Firm Raises $220M
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American Bitcoin, co-founded by Eric Trump and backed by mining giant Hut 8, has mined 215 BTC and secured $220M in funding.
The company plans to scale operations and go public via SPAC merger by early 2026.
๐ While political ties add intrigue, analysts question long-term profitability amid rising U.S. mining regulations and hash rate competition.
๐ Key Points:
- $220M raised to expand BTC mining capacity
- Strategic merger planned for public listing
- 215 BTC mined so far (โ$25M at current price)
- Political spotlight could spark regulatory scrutiny
๐ฌ Does this mix of politics & Bitcoin help or hurt adoption?
๐ Drop your thoughts below!
#CryptoNews #MarketMoves #BinanceSquares
